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THE ECONOMIST on Bush economy.

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Hieronymus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-03 12:25 AM
Original message
THE ECONOMIST on Bush economy.
The conservative ECONOMIST, who backed Bush in 2000, has harsh criticism for Bush on the debt incurred under his watch.
:bounce:
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otohara Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-03 12:30 AM
Response to Original message
1. link? details?
would love to know more Hieronymus -
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Zo Zig Donating Member (419 posts) Send PM | Profile | Ignore Sun Dec-07-03 12:31 AM
Response to Original message
2. YO
Hows about a little linkage, there my friend.
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-03 12:36 AM
Response to Original message
3. The Economist Backed Bush?
Can't understand why if they're at all concerned about defecits. This was absolutely predictable.

The Financial Times said something like "Contrary advice is ignored. Theory is dismissed. Reason cuts no weight. But seeing the world's lone superpower destroy what is perhaps the world's most enviable fiscal position is something to behold."
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opihimoimoi Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-03 12:50 AM
Response to Reply #3
4. Now that the National debt nears 7 trillion and when Bush leaves office in
05(?) it will be 8 trillion, we will be the largest debtor nation on Earth. This is not without price. Much of our GNP is going towards the interest and still more to come.

Bush is leaving a most horrible legacy. How he came to power sez bad about our existing system. We reap what we sow and if what we are sowing/reaping seems like noxious weeds, perhaps they are. A closer look is indeed warranted.

Come, we pick some mangos.
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Skittles Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-03 02:18 PM
Response to Reply #4
7. hey opi
got any advice on how to cut/eat a freaking mango? I LOVE mangos but cannot buy them because of the sloppy mess I make while trying to eat them. :O
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Lindacooks Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-03 12:44 AM
Response to Reply #7
8. How to cut a mango:
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T_i_B Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-03 07:40 AM
Response to Original message
5. Need link please
Given the Economists irrational loathing of all things Dean, I suspect that they may not be all that harsh.
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muriel_volestrangler Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-03 08:24 AM
Response to Reply #5
6. Try this
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=104&topic_id=837323&mesg_id=837597&page=

"The political logic in all this is hard to fault. But turkeys, no less than slimmer poultry, eventually come home to roost. The full economic disaster of this one will probably not be apparent until after next year's election, since most of it will not come into effect until 2006. But people may begin to do the numbers before then. Whenever they do, it could be painful. For this hotchpotch of compromises provides neither a sensible drug benefit nor any real reform of the Medicare programme.
...
You could argue that, after presiding over double-digit increases in non-defence discretionary spending, Mr Bush already sounded pretty hollow talking about budget discipline. Post-Medicare “reform”, his rhetoric is a sham. When Americans see the consequences of the red ink and start to care again about the budget, the Republicans could pay a high political price."
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priller Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-03 02:49 PM
Response to Reply #6
9. I've got news for them
Bush's rhetoric has always been a sham.
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Rainbows Donating Member (158 posts) Send PM | Profile | Ignore Mon Dec-08-03 03:02 PM
Response to Reply #6
10. I hope your optimism is ...
well placed and we have until 06. A lot of us are afraid it could come apart at the seams a lot soooner, with the dollar devaluating daily, the banks, securities, and currency backed with nothing more than faith, confidence, and arrogance. If the petro dollar becomes the petro euro, we are history.
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citizen snips Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-03 06:41 PM
Response to Original message
11. That is great.
Finally some like that is going up aginast Bush
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